Shinkumi Bank for Koreans in Japan Ordered to Suspend Biz
About this episode
The episode discusses the suspension of operations at a shinkumi bank for Koreans in Japan due to management's cover-up of embezzlement.
Japan's Financial Services Agency on Friday ordered a "shinyo kumiai" credit association, or shinkumi bank, for Korean residents to suspend part of its operations after its management team was found to have covered up an executive's embezzlements of customer deposits.
Topics covered
- finance
- banking
- regulation
- Korean community
- Japan
Mentioned in this episode
Organizations: Shinkumi Bank, Japan's Financial Services Agency
Places: Japan, Korea
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